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BNY Mellon Markets Group appoints new president
trueMichelle Neal was named president of BNY Mellon Markets Group, the unit of Bank of New York Mellon that includes asset servicing, foreign exchange and trading, and prime brokerage.
Analyst says 'short gamma' contributing to market volatility
trueVolatility in the U.S. equity market is being whipped up by traders who don't care what stocks are worth, according to an analyst at J.P. Morgan Chase.
High-frequency trading lawsuits dismissed against Barclays, exchanges
trueLawsuits against Barclays PLC and seven stock exchanges over claims that the exchanges and the bank’s dark pool favored high-frequency traders were dismissed Wednesday by a federal court judge.
Secondary market prices to fall in second half of 2015 — NYPPEX
truePrices for alternative investment fund limited partnership interests are expected to drop in the second half of this year — with secondary median bids declining about 3.5% to an average of 80.18% of net asset value — driven down by fewer exits and less distribution of capital back to investors, ...
Bond market relatively untouched by equity sell-off — S&P Dow Jones
trueBond markets around the world have survived the great fall of China relatively unscathed, despite the global equity sell-off of the last few days.
China cuts interest rates to stem stock market rout
trueChina fell back on its major levers to stem the biggest stock market rout since 1996 and a deepening slowdown, cutting interest rates for the fifth time since November and lowering the amount of cash banks must set aside.
Global markets jolt investors
trueA wave of selling gripped global markets Monday as the rout in all but the safest assets deepened.
Tax's excessive expectations
trueAs part of their presidential nomination campaigns, Bernie Sanders and Martin O'Malley both have proposed a financial transaction tax, designed to tap a lucrative source of revenue and target trading abuses on Wall Street.
Citigroup Global Markets settles with SEC over trading review issues
trueCitigroup Global Markets agreed to pay $15 million to settle SEC charges that it failed to adequately review thousands of securities transactions by several of its trading desks over 10 years.
FX scandal's lessons for asset owners
trueThe forex manipulation scandal involving major global banks demonstrates that at their core, currency conversions are significant drivers of value that must be carefully managed.
CFTC commissioner to leave post
trueMark P. Wetjen will resign as commissioner of the Commodity Futures Trading Commission, effective Aug. 28, the CFTC said in a news release.
Q2 equity trading revenues up from a year ago, FICC revenues down
trueOn a year-over-year basis, equity trading revenues were up in the second quarter, while fixed-income, commodities and currencies trading revenues were down.
ITG settles with SEC over misuse of confidential trading information
trueInvestment Technology Group agreed to pay $20.3 million to settle SEC charges that the dark-pool operator misused confidential trading information of its subscribers in a secret trading desk.
9 charged in insider-trading scheme involving computer hacking
trueNine people are facing federal insider-trading charges that claim they accessed unreleased corporate news releases on earnings, mergers and acquisitions, and other information that was used to illegally trade before the news was made public.
BATS gets approval for second options exchange
trueThe SEC approved BATS Global Markets' plans for its second options exchange, EDGX Options, the agency said in a filing.